Statement by Gregory Wetstone, ACORE President and Chief Executive Officer
WASHINGTON, June 1, 2017 – “We are disappointed that the administration chose to withdraw from the Paris accord, placing at risk not just our climate, but also the role of American companies in leading the way to a global renewable energy boom that presents a multi-trillion dollar business opportunity.
Despite the Paris exit, we are confident America’s thriving renewable energy sector will continue to play a leading role in reducing U.S. carbon emissions now and into the future.
Our analysis suggests the U.S. could still meet its previously submitted Paris greenhouse emission reduction targets if we build on the momentum of recent renewable energy growth and continue to modernize our electrical grid to reduce power sector emissions by 50 percent below 2005 levels by 2025. This is an ambitious target but dramatic recent growth in wind and solar power makes it achievable.
ACORE stands with the many cities, states, leading companies and top investors who are betting on renewables to achieve this critical milestone, and we will continue to promote the pro-growth solutions that will accelerate a renewable energy transition already well underway.”
The American Council On Renewable Energy (ACORE) is a national non-profit organization dedicated to providing value to the renewable energy industry through market development, policy changes, and financial innovation. With hundreds of member companies from across the spectrum of renewable energy technologies, consumers, and investors, ACORE is uniquely positioned to promote the policies and financial structures essential to growth in the renewable energy sector. The organization’s annual conferences in Washington, D.C., New York and San Francisco set the industry standard in providing important venues for key leaders to meet, discuss recent developments, and hear the latest from senior government officials and seasoned experts. For more information, visit the ACORE website and follow @ACORE on Twitter.
Gil Jenkins, ACORE